• Contact Us
  • About Us
Thursday, June 25, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

FG awards $7b rail project to Chinese state rail firm -Xinhua

metro by metro
May 16, 2018
in Economy
0
FG seeks $29.960bn foreign loan for power, rail, road projects
0
SHARES
0
VIEWS

Nigeria has awarded a $6.68 billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country’s commercial hub Lagos, in the southwest, and Kano in the north, Xinhua reported.

“The signing of the … segment contract agreement today (Tuesday) concludes all outstanding segments of the Lagos-Kano rail line,” the Chinese state news agency quoted Nigeria’s transport ministry as saying. The work is expected to take two or three years.

Read Also

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing

Pound Tumbles Towards Yearly Low Over UK Political Crisis

Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF

CCECC, a subsidiary of Chinese state rail builder China Railway Construction Corporation, has been involved in other parts of the Lagos-Kano rail project, which started in 2006 and was broken into segments for implementation.

In 2016, Nigeria awarded it work on a segment between the northern states of Kano and Kaduna with a contract sum of $1.685 billion.

The railway line is also receiving funding from China. In April, China Exim bank approved a $1.231 billion loan for the network’s modernisation programme.

Tags: CCECCChina Civil Engineering Construction Corporation
Previous Post

CBN injects $210m into currency market

Next Post

President Buhari approves N10b for rehabilitation of affected communities – Osinbajo

Related Posts

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing
Economy

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing

June 23, 2026
Amid Nigeria’s Naira Dwindling Fortunes, S/A’s Rand Strengthens To 20-Month High
Economy

Pound Tumbles Towards Yearly Low Over UK Political Crisis

June 22, 2026
Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF
Economy

Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF

June 16, 2026
Amid Tight Monetary Policy Measures, Nigeria’s Inflation Rises To 21.82% 
Economy

Amid CBN’s Mop-Up Exercises Inflation Rises To 15.93 percent In May

June 15, 2026
Next Post
Yemi Osinbajo

President Buhari approves N10b for rehabilitation of affected communities - Osinbajo

Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast

FG Welcomes US Sanctions On Alleged Terrorism Financiers In Nigeria, Says No Safe Haven In Financial System

June 24, 2026
Heatwaves Trigger Massive Poultry Losses Across France

Heatwaves Trigger Massive Poultry Losses Across France

June 24, 2026
LPPC Suspends Mike Ozekhome From SAN Rank

LPPC Suspends Mike Ozekhome From SAN Rank

June 24, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version